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[sharechat] Cavalier

From:	"Val Twiname" <valtwine@ihug.co.nz>
Date:	Wed, 2 May 2001 21:28:46 +1200

With regard to Cav's announcement today re the cancellation of one in every eight shares held by each shareholder and a payment of $5.60 for each share cancelled - does this mean that one's holding in the Company decreases by 1/8th . I haven't come across this before - thus my ignorance.

Val.

(Hold Cav.)

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